Opinion: The Death of Buckyballs

This transcript has been automatically generated and may not be 100% accurate.

... well probably last thing anyone ever wants to do is fall down that rabbit hole called federal government investigation and if you are you're going to regret it ... you are looking on in a moment that summed up the bulls ... but the bull's roar of most popular Office toys back into thousandnine ... well bought the bulls no longer exist thanks to Uncle Sam ... the editorial pages drama Mari is going to tell us what the heck happened to bhakti bulls ... the women it may be better explained what are people it's so bucking bulls are these ... a ... mayor or magnate who is a very small but very powerful magnets ... and you can stack them like a Lego was the new construction into all sorts of shapes ... and it basically at coliform Foreign ... office workers ... aam ... and he said the event and now ... what will tell us a little bit them in the sale stopped about ten million dollars the year ... and suddenly the ... consumer products safety Commission discovered by the balls and then what happened ... in fact they didn't discover it which is why did the moves that the meeting and smacks given over to which has the company that was that was selling them which was so unfair is that the company and the CommTest consumer products safety Commission ... had been collaborating over the three-year period ever since the product was introduced ... on ... our heels safety plans ... warnings or agree the aggressive warnings for on the packaging one on the ... onthe instructions that said this is not for kids ... to not swallow and so on so forth and that the consumer product ... safety Commission had been part of the process all along which is why the company was so surprise when all the sudden ... they ... you know they said you need to file a corrective action plan within ten days ... and if not you file it will file an administrative Sue ... they found that the corrective action plan on July twenty fourth ... two thousand twelve ... and ... the suit was filed ... on the twenty fifth this means they never even considered the company's ... corrective action plan ... so this is a mean the agency's acting really arbitrary and read the aggressively for for some unknown is well the father of while the company Craig soccer at some point apparently I decided to fight back against commission at the point that kind of ugly demand ... well I mean he's he's in he's a B a marketing genius and when you put him in a corner year he's that administrative juggernaut once the rules against you there's very little heat you can do so with Chris Tucker ... did was an excellent Overton really did was they took out a full page ad in the Washington post op of a letter to present Obama saying you know ... you're killing my company ... they I'm ... you know grab these funny ad saying well why don't we see them banned all Sosa things like coconuts coconuts can fall on your head and hurt you or if he'd thrown at someone it's a dangerous ballistic but ... that is an emotion and coconuts it's irrational and aam ... my sense although he wouldn't say it isn't that the sedate Commission is now fighting back ... in a very personal way they're going after him ... which I hold him individually liable which is individually liable right ... for all the ... for the recall that they're demanding so is the administrative judge law ... administrative law judge holds ... that these are in fact effective ... than ... he is and ... he has to put up the per person in the cost of of the of the recall which that the Commission estimates of fifty seven million dollars ... the reason that's astounding is because we have the principle of limited liability in corporate law one last ... year and the corporation that Max going over ten ... setup was ... a facade and ... soccer was mixing up his own money with the corporate front so forth ... we don't shield the pure some limited liability and in this case the Commission is trying to do that ... so it's a really dangerous classes entrepreneur is ... alright so often it's the watch ... and